NVX NV Gold Corporation

NV Gold Corporation ("NV Gold") (TSX VENTURE:NVX) is pleased to announce that it
has finalized the mining lease agreement for a 100% interest, subject to a 3 %
NSR royalty, of the Roberts Gold property, located 28 miles NW of Eureka, Eureka
County, Nevada. 


The Roberts Gold property lies contiguous to and north of NV Gold's Afgan-Kobeh
property where the Company is currently completing a 2,500 metre 20-25 hole RC
drill program with a focus on expanding the NI 43-101 compliant gold resource of
50,000 ounces Indicated (1.85 million tons @ 0.027 oz Au/ton (0.926 g Au/ton))
and 34,000 ounces Inferred(1) (1.29 million tons @ 0.026 oz Au /ton (0.891 g
Au/ton)). Work to date indicates that the Afgan-Kobeh is a Carlin-type gold
deposit that remains open to expansion in several areas. 


The Roberts Gold property comprises an aggregate of 104 unpatented claims
covering approximately 2,080 acres. Further to its news release of October 6,
2010, it has issued 250,000 units of NV Gold (the "Units") to terminate certain
area of interest obligations to a third party and, as a result, the mining lease
agreement for the Roberts Gold property is now in effect. 


Under the mining lease agreement, NV Gold has leased the Roberts Gold property,
subject to NV Gold paying advance royalty payments of US$10,000 upon the lease
agreement becoming effective, a further US$10,000 six months thereafter,
US$20,000 on each of the next five anniversary dates of the effective date of
the lease agreement, and US$30,000 on each such anniversary date thereafter. NV
Gold is responsible for all property maintenance obligations and has granted the
lessor a 3% NSR. NV Gold has the right to purchase 25% of the royalty at any
time for US$1,000,000 and a further 25% for US$2,000,000 at any time.


Each of the Units issued by NV Gold comprises one common share and one warrant
to purchase an additional common share (a "Warrant") at a price of CDN$0.40 per
share for a period of two years. The expiry date of each Warrant is subject to
acceleration such that, should the volume weighted average price of the common
shares the Company exceed CDN$0.60 for twenty consecutive trading days, NV Gold
may notify the holder in writing that the Warrants will expire 15 trading days
from receipt of such notice unless exercised by the holder before such date. The
common shares and the warrants making up the Units and the common shares
issuable upon exercise of the Warrants are subject to a hold period expiring on
February 27, 2011.


NV Gold is a newly listed company committed to developing gold-copper resources.
The Company has a proven management team and extensive connections to projects
and financing. 


ON BEHALF OF THE BOARD OF DIRECTORS OF

NV Gold Corporation

John E. Watson, President, CEO

(1)Midway Gold Corp., 2007 using a cut-off of 0.010 oz Au/ton (0.343 g Au/ton)

For further information, visit the Company's website at www.nvgoldcorp.com.

Statements in this news release relating to the acquisition agreement and future
payments, securities issuance and royalty grant may constitute forward-looking
information. Such statements address future events and conditions and, as such,
involve known and unknown risks, including risks relating to the due diligence
review of the Vendor, which may cause the actual results to be materially
different from any future results expressed or implied by the statements. Other
than as required by law, NV Gold undertakes no obligation to update its
forward-looking information.

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